Rock & Republic files for Bankruptcy
No wonder they didnt approve the UCI license.
I guess we wont be seeing R&R jerseys even at the local races
NEW YORK, April 1 (Reuters) - Premium denim company Rock & Republic on Thursday said it filed for Chapter 11 bankruptcy protection.
The company, which sells its jeans and accessories in stores including Bergdorf Goodman and Bloomingdales, said it obtained $7.5 million in debtor-in-possession financing from CIT Group (CIT.N).
Rock & Republic has hired investment bank Atlas Strategic Advisors to help it recapitalize, subject to court approval, the company said.
Geoffrey Lurie, who previously headed The North Face's turnaround, will join Rock & Republic as chief restructuring officer, the company said. (Reporting by Elinor Comlay; Editing by Gary Hill)